BBB commits £40m to Harwood’s second SME fund
Thursday, November 12, 2026 · first reported by Alternative Credit Investor and 2 others
Harwood Private Capital has held a first close of its UK Fund II at £120m, counting both the debt facility and the co-investment vehicles. The British Business Bank put in £40m of that, aiming to widen growth funding for smaller UK businesses.
Fund II lends to smaller and lower mid-market private firms that are expanding, making acquisitions or going through changes of shareholder. The bank had already put £35m into Harwood's first fund, HPC UK SME Fund, in 2020, so its overall commitment to Harwood now stands at £75m.
- Also named
- British Business Bank
- Fund
- Harwood Private Capital UK Fund II
- Size
- £120M (≈$150M)
- Stage
- First close
- Asset class
- Credit
- Geography
- Europe
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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